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Tax Incidence in Thailand PowerPoint Presentation
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Tax Incidence in Thailand

Tax Incidence in Thailand

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Tax Incidence in Thailand

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    1. Tax Incidence in Thailand Jonathan Haughton Suffolk University, Boston Jonathan.haughton@suffolk.edu For the World Bank. May 11, 2011

    2. The Questions Who bears the burden of taxes? Who benefits from government spending? What are the net effects? Who would gain/lose under different possible tax reform packages, and by how much? May 11, 2011 JH: Tax & Expenditure Incidence in Peru Page 2

    3. Example 1: Peru: Tax Revenue Central government tax revenue 11.6% of GDP in 2004 Buoyant since 2002 71% of revenue from indirect tax Vat: 19% rate; but yields just 4.9% of GDP Income tax: 3.4% of GDP May 11, 2011 JH: Tax & Expenditure Incidence in Peru Page 3

    4. Example 2: Vietnam Central Government Revenue

    5. Vietnam: Main taxes (% of GDP)

    6. Vietnam: Noteworthy trends Revenue/GDP: 20% to 2000, now 25% VAT: 7% of GDP (at 10% rate!) Trade: from 4% to 2% of GDP, despite explosion of imports All income tax: Peaked at 10% GDP in 2006, but dependent on SOE sector NB: PIT raises 2% of revenue; surprisingly, not rising

    7. Thailand

    8. Measuring Incidence (1) Step 1. Make assumptions about incidence Statutory incidence ? Effective incidence See Table May 11, 2011 JH: Tax & Expenditure Incidence in Peru Page 8

    9. Incidence assumptions VAT: on consumers Excises: on consumers PIT: on earners Business profits: on earners Other taxes: Property transfer; local fees and contributions: on payers. In this study, CIT, trade taxes, natural resource taxes, not included. Incidence covers half of revenue.

    10. Partial equilibrium incidence